[SMART Park] Unlock Prosperity with 5 Sure-Fire Financial Instruments! February 14, 2024

[SMART Park] Unlock Prosperity with 5 Sure-Fire Financial Instruments!

In Singapore, the concept of guaranteed returns may evoke the spirit of prosperity, reminiscent perhaps of red envelopes received during the Chinese New Year celebrations. Unlike the sense of goodwill received in red envelopes for no effort, guaranteed returns come from investment products or financial instruments we opt. They offer a specified and assured rate of return over a defined period. With that in mind, here are some financial instruments that provide guaranteed returns and evoke a greater sense of security!


1. Singapore Savings Bonds (SSBs):
SSBs stand out as a government-backed investment option in Singapore, as it provides individuals with a secure and low-risk avenue for saving and investing. These bonds deliver a guaranteed return over a fixed period, with interest rates announced at the commencement of each issuance.

2. Fixed Deposits:
Many banks in Singapore offer fixed deposit accounts that ensure guaranteed returns over a predetermined period. Interest rates are typically fixed at the time of deposit, providing investors with a known and assured rate of return.

3. CPF Special Account (SA) and Retirement Sum Topping-Up (RSTU):
Contributions to the CPF Special Account (SA) and Retirement Sum Topping-Up (RSTU) scheme come with a guaranteed interest rate. The government periodically announces interest rates on these accounts, offering a stable and secure investment option.

4. Insurance Endowment Plans:
Certain insurance products, such as endowment plans, promise guaranteed returns. These plans, which combine insurance coverage with a savings component, ensure a guaranteed sum assured along with bonuses or returns upon the policy’s maturity.

5. 6% Guaranteed Returns on SMART Park
PhillipCapital’s SMART Park facility is currently offering a promotion with guaranteed returns. Celebrate Prosperity in the Year of the Dragon by unlocking a remarkable 6% p.a. guaranteed returns with this promotion! You can secure this offer by acquiring a qualifying insurance plan — a Single Premium of S$30,000 or an Annual Regular Premium of S$6,000 for a minimum of 5 years. Following this, inject fresh funds (minimum S$1,000, maximum S$50,000) into your PhillipCapital account and enroll in the SMART Park Excess Funds Management Facility.

Your 90-day period of 6% p.a. guaranteed returns will commence 14 days after the successful inception of your qualifying insurance plan. All that’s left is to maintain your deposit in the account for the same duration of 90 days to enjoy 6% p.a. for these 90 days.

These avenues mentioned above mirror the paths one may take to secure financial blessings in the Year of the Dragon. Investors can explore various options, aligning their aspirations with the stability and growth these guaranteed returns aim to provide. Last but not least, we would like to wish our readers a Happy Chinese New Year and may this year bring forth prosperity and financial well-being for all!


Contributor:

[SMART Park] Unlock Prosperity with 5 Sure-Fire Financial Instruments!

Darien Lee
Wealth Manager
Phillip Securities Pte Ltd (A member of PhillipCapital)
https://bit.ly/DarienHWP

Disclaimer

These commentaries are intended for general circulation. It does not have regard to the specific investment objectives, financial situation and particular needs of any person who may receive this document. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person acting based on this information. Opinions expressed in these commentaries are subject to change without notice. Investments are subject to investment risks including the possible loss of the principal amount invested. The value of the units and the income from them may fall as well as rise. Past performance figures as well as any projection or forecast used in these commentaries are not necessarily indicative of future or likely performance. Phillip Securities Pte Ltd (PSPL), its directors, connected persons or employees may from time to time have an interest in the financial instruments mentioned in these commentaries. Investors may wish to seek advice from a financial adviser before investing. In the event that investors choose not to seek advice from a financial adviser, they should consider whether the investment is suitable for them.

The information contained in these commentaries has been obtained from public sources which PSPL has no reason to believe are unreliable and any analysis, forecasts, projections, expectations and opinions (collectively the “Research”) contained in these commentaries are based on such information and are expressions of belief only. PSPL has not verified this information and no representation or warranty, express or implied, is made that such information or Research is accurate, complete or verified or should be relied upon as such. Any such information or Research contained in these commentaries are subject to change, and PSPL shall not have any responsibility to maintain the information or Research made available or to supply any corrections, updates or releases in connection therewith. In no event will PSPL be liable for any special, indirect, incidental or consequential damages which may be incurred from the use of the information or Research made available, even if it has been advised of the possibility of such damages. The companies and their employees mentioned in these commentaries cannot be held liable for any errors, inaccuracies and/or omissions howsoever caused. Any opinion or advice herein is made on a general basis and is subject to change without notice. The information provided in these commentaries may contain optimistic statements regarding future events or future financial performance of countries, markets or companies. You must make your own financial assessment of the relevance, accuracy and adequacy of the information provided in these commentaries.

Views and any strategies described in these commentaries may not be suitable for all investors. Opinions expressed herein may differ from the opinions expressed by other units of PSPL or its connected persons and associates. Any reference to or discussion of investment products or commodities in these commentaries is purely for illustrative purposes only and must not be construed as a recommendation, an offer or solicitation for the subscription, purchase or sale of the investment products or commodities mentioned.

About the author

Darien Lee
Wealth Manager
Phillip Securities Pte Ltd (A member of PhillipCapital)

Darien is a financial representative at Phillip Securities Pte Ltd. He majored in Finance and Investments at Temasek Polytechnic before graduating from Nanyang Technological University with a Bachelor of Accountancy. Darien is a valuable member of a team collectively servicing assets exceeding $250 million and catering to over 5,000 clients. In his leisure time, he finds joy in meditation and actively engages in volunteering work. If you're keen on growing your wealth, feel free to reach out to Darien. He is here to assist you on your financial journey.


Related Articles

From $50 to $100: Unveiling the Impact of Inflation From $50 to $100: Unveiling the Impact of Inflation
Japan’s Economic Resurgence: Unveiling the Tailwinds Behind Nikkei 225’s Record Leap Japan’s Economic Resurgence: Unveiling the Tailwinds Behind Nikkei 225’s Record Leap
How to soar higher with Positive Carry! How to soar higher with Positive Carry!
Why 2024 Offers A Small Window of Opportunity and How to Position Yourself to Capture It Why 2024 Offers A Small Window of Opportunity and How to Position Yourself to Capture It
Market Journal

Join Events & Seminars

Learn best practices and latest market outlook from experts and special guests
Market Journal

Hear & Ask our Experts

Join live weekly market calls
Market Journal

Read Popular News & Reports, Technical Pulses

at www.poems.com.sg/stock-research
Market Journal

Subscribe to our YouTube Channel

New video every week

Contact us to Open an Account

Need Assistance? Share your Details and we’ll get back to you

IMPORTANT INFORMATION

This material is provided by Phillip Capital Management (S) Ltd (“PCM”) for general information only and does not constitute a recommendation, an offer to sell, or a solicitation of any offer to invest in any of the exchange-traded fund (“ETF”) or the unit trust (“Products”) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. You should read the Prospectus and the accompanying Product Highlights Sheet (“PHS”) for key features, key risks and other important information of the Products and obtain advice from a financial adviser (“FA“) pursuant to a separate engagement before making a commitment to invest in the Products. In the event that you choose not to obtain advice from a FA, you should assess whether the Products are suitable for you before proceeding to invest. A copy of the Prospectus and PHS are available from PCM, any of its Participating Dealers (“PDs“) for the ETF, or any of its authorised distributors for the unit trust managed by PCM.  

An ETF is not like a typical unit trust as the units of the ETF (the “Units“) are to be listed and traded like any share on the Singapore Exchange Securities Trading Limited (“SGX-ST”). Listing on the SGX-ST does not guarantee a liquid market for the Units which may be traded at prices above or below its NAV or may be suspended or delisted. Investors may buy or sell the Units on SGX-ST when it is listed. Investors cannot create or redeem Units directly with PCM and have no rights to request PCM to redeem or purchase their Units. Creation and redemption of Units are through PDs if investors are clients of the PDs, who have no obligation to agree to create or redeem Units on behalf of any investor and may impose terms and conditions in connection with such creation or redemption orders. Please refer to the Prospectus of the ETF for more details.  

Investments are subject to investment risks including the possible loss of the principal amount invested. The purchase of a unit in a fund is not the same as placing your money on deposit with a bank or deposit-taking company. There is no guarantee as to the amount of capital invested or return received. The value of the units and the income accruing to the units may fall or rise. Past performance is not necessarily indicative of the future or likely performance of the Products. There can be no assurance that investment objectives will be achieved.  

Where applicable, fund(s) may invest in financial derivatives and/or participate in securities lending and repurchase transactions for the purpose of hedging and/or efficient portfolio management, subject to the relevant regulatory requirements. PCM reserves the discretion to determine if currency exposure should be hedged actively, passively or not at all, in the best interest of the Products.  

The regular dividend distributions, out of either income and/or capital, are not guaranteed and subject to PCM’s discretion. Past payout yields and payments do not represent future payout yields and payments. Such dividend distributions will reduce the available capital for reinvestment and may result in an immediate decrease in the net asset value (“NAV”) of the Products. Please refer to <www.phillipfunds.com> for more information in relation to the dividend distributions.  

The information provided herein may be obtained or compiled from public and/or third party sources that PCM has no reason to believe are unreliable. Any opinion or view herein is an expression of belief of the individual author or the indicated source (as applicable) only. PCM makes no representation or warranty that such information is accurate, complete, verified or should be relied upon as such. The information does not constitute, and should not be used as a substitute for tax, legal or investment advice.  

The information herein are not for any person in any jurisdiction or country where such distribution or availability for use would contravene any applicable law or regulation or would subject PCM to any registration or licensing requirement in such jurisdiction or country. The Products is not offered to U.S. Persons. PhillipCapital Group of Companies, including PCM, their affiliates and/or their officers, directors and/or employees may own or have positions in the Products. Any member of the PhillipCapital Group of Companies may have acted upon or used the information, analyses and opinions herein before they have been published. 

This advertisement has not been reviewed by the Monetary Authority of Singapore.  

 

Phillip Capital Management (S) Ltd (Co. Reg. No. 199905233W)  
250 North Bridge Road #06-00, Raffles City Tower ,Singapore 179101 
Tel: (65) 6230 8133 Fax: (65) 65383066 www.phillipfunds.com